When you hear the term “prenuptial agreement” or “Prenup,” what comes to mind? You may think of a premarital agreement between those who are famous or wealthy. Perhaps you may think a prenup is for couples who have doubts about their commitment to each other. Both perceptions are a bit outdated. The reality is that prenuptial agreements are becoming a practical, logical, and common sense tool to protect the individual assets of those getting married.
One of the reasons prenups are becoming more common and less stigmatized are that they can protect any current or future inheritances of an individual should a marriage not succeed. This is increasingly important as Baby Boomers age. Here are a few ways a prenuptial agreement can help you keep any current or future inheritance.
Those anticipating inheriting money from their parents, or any relative for that matter, can protect that future asset from becoming a part of marital property through a prenuptial agreement.
It Can Protect Both Parties
A well-crafted prenuptial agreement protects both parties. This can be the case when it comes to inheritances. It is worth to consider if both parties anticipate a future inheritance.
It Helps Protect Generational Wealth
Some families work for generations to build wealth that is passed down through the years. Much of that inheritance can evaporate if not protected by a prenuptial agreement. This can help protect generational wealth from an angry ex-spouse.
While many Baby Boomers were once uncomfortable with the thought of a prenuptial agreement, Millennials and younger are embracing the protection that it provides, especially when it comes to an inheritance.
While you have no shortage of options when it comes to divorce attorneys, The McKinney Law Group takes a different approach. We are being proactive in helping couples before a problem occurs. This is why we specialize in making prenuptial agreements accessible and practical. If you are contemplating getting married, we encourage you to learn more about how a prenuptial agreement can benefit you. We even offer a no-cost initial consultation.
Contact McKinney Law Group today for the peace of mind you deserve heading into your marriage. We look forward to assisting you.
If you have questions about a prenup agreement or a postnup agreement or require legal assistance in other areas of Family Law you may always contact Damien McKinney of The McKinney Law Group to discuss your case further. He can be reached by phone at 813-428-3400 or by e-mail at [email protected].
We now offer virtual prenuptial agreements. Contact us to inquire further about our virtual prenup option.